Reliant Indicted for Manufacturing California Energy Crisis
Environment News Service, April, 2004 by staff
SAN FRANCISCO, California (ENS) — The California energy crisis of 2000 and 2001 was manufactured for financial gain by at least one giant out of state energy company, according to an indictment handed down by a federal grant jury in San Francisco. Houston energy company Reliant Energy Services, Inc., and four of its officers were charged Thursday in connection with a federal criminal investigation of the manipulation of the California energy markets.
The grand jury returned a six-count indictment against Reliant Energy Services, Inc., a subsidiary of the company now known as Reliant Resources, Inc., and four of its officers - Jackie Thomas, a former vice president of Reliant's Power Trading Division; Reggie Howard, a former director of Reliant's West Power Trading Division;...
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